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US probes Singapore-based Apex Logistics over alleged Nvidia chip smuggling

Authorities are looking into whether Apex - a unit of shipping giant Kuehne+Nagel - may have transported AI systems made by Super Micro Computer Inc. in violation of US export restrictions

'Butcher of Bosnia' Ratko Mladic dies at 84 while serving life term

Mladic led Serb forces in the ethnic fighting among Bosnia's Muslims, Serbs and Croats that left more than 100,000 dead and more than 2 million people displaced

Yayoi Kusama, Japanese artist who painted polka dots, dies at 97

Kusama died in a Tokyo hospital on Aug. 14, according to a statement on her official website. The cause was multiple organ failure, Kyodo News reported.

Vedanta plans third rupee bond issue, seeks to raise ₹1,000 crore

Vedanta joins other Indian companies that are mulling bond offerings soon amid expectations that the Reserve Bank of India could raise interest rates later this year due to inflation risks

Uncertainty over CEO's term weighing on HDFC Bank's stock, says Macquarie

Clarity on HDFC Bank's leadership is crucial as the lender seeks to move past uncertainty marked by its former chairman's abrupt exitg and overnance concerns

India plans $1.4 billion in aid to boost advanced battery parts output

While India already provides subsidies for making cells used to power electric cars and for energy storage, the first set of local battery makers have been navigating supply chain snags

China to ship at least 1.2 mn tonnes of key fertiliser variety to India

India is one of the biggest urea importers, making its purchases closely watched as a global benchmark

India's fiscal outlook brightens with govt set to exceed asset sales target

A long-delayed privatisation of IDBI Bank will likely see the government surpass its ₹80,000 crore ($8.4 billion) annual disinvestment and asset-monetization target

Zerodha's Nithin Kamath says surge in margin lending could be 'scary'

The warning comes as small investors across Asia have been singed by leveraged bets tied to the booming artificial intelligence trade

Meta's teen safety deal facing big hurdle: Knowing who's under 18

In a landmark deal with state attorneys general across the US, Meta agreed to pay up to $18 billion and implement design changes

Meta's $18 billion social media settlement: Numbers behind the deal

Of the overall amount, the company has pledged to shell out about $12.7 billion in installments to states over the next 10 years as a starting point

OpenAI says it could have reacted sooner to prevent AI hack of Hugging Face

In the report, OpenAI said that it knew as far back as late May that AI models it was testing were leveraging a software vulnerability to access the open internet

New York City area saw $3.5 billion in economic impact from Fifa World Cup

The global sporting event generated $1.9 billion in direct spending on lodging, restaurants, bars, shopping and transportation in the states

RBI steps up intervention to support rupee amid higher oil prices

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

High-frequency trading firms paying interns about ₹30 lakh a month

Local HFT companies are also expanding into asset classes beyond Indian equity derivatives and overseas markets, further boosting demand for talent.

Indians invest record funds in overseas stocks, debt in June

Mutual funds investing overseas through the fund-of-funds route also held assets worth 465.5 billion rupees ($4.9 billion) as of July 31

Meta to pay up to $16.7 billion to settle social media addiction cases

The deal requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings

Prudential to sell 2% in India asset manager to meet regulatory threshold

Prudential Corporation Holdings Ltd., a subsidiary of the UK-based insurer, will offload 9.9 million shares in ICICI Prudential Asset Management Co. on Aug. 27

Adani Group-backed Cemindia reportedly close to $524 million share sale

The company's board on July 23 approved raising as much as 50 billion rupees through the issuance of equity shares via a qualified institutional placement.

L&T wins 13 orders since July, signalling revival in West Asia business

While the engineering giant only shares a range instead of giving out the exact order value, a Bloomberg News estimate pegs the average at about ₹1.11 trillion in the ongoing quarter